2TheMart.com, Inc. Teams Up with Exodus for its Global Internet Operations.
2TheMart.com, Inc. (the "Company") (Nasdaq:TMRT), announced today that it has signed a contract with Exodus Communications(TM), Inc. (Nasdaq:EXDS), a leading provider of Internet system and network management solutions for enterprises with mission-critical Internet operations, to support the Company's launch of its global e-commerce and person-to-person trading community. The Company will locate its servers at Exodus'(TM) new Washington, D.C. area Internet Data Center (IDC) located in Sterling, Virginia and also plans to locate additional servers at Exodus' London, England IDC, currently scheduled for a late spring opening. The Company will utilize Exodus' state of the art, high-speed, redundant Internet backbone and network management facilities designed for 24x7 Internet operations to deliver its content. This move signifies the Company's completion of the development of its technology road map for its global Internet operations.
2TheMart.com's site will provide a dynamic e-commerce and person to person trading environment, like those established by eBay.com (Nasdaq:EBAY), and other online auctions such as those of Yahoo (Nasdaq:YHOO); and Amazon.com (Nasdaq:AMZN). The site is intended to be one of the largest, preeminent on-line trading communities on the web with enhanced features currently not available from other online trading sites today.
Certain information and statements included in this release constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance, or achievements expressed or implied in such forward-looking statements.
Note to Editors: Exodus Communications and Exodus are trademarks for Exodus Communications, Inc., and may be registered in certain jurisdictions.
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|Date:||May 18, 1999|
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